Facts and Figures

Employment and Unemployment

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Thu. July 16, 2015

June 2015

Total nonfarm payroll employment increased by 223,000.

The unemployment rate is a broad, though somewhat crude measure of how workers are faring in the economy. It does not count discouraged workers, nor does it measure under-employment (for example, workers who want a full-time job but can only find part-time work). Making these adjustments would bring the measured unemployment rate up to 10.8%. But even an adjusted unemployment rate says nothing about the quality of jobs in the economy. This last point is particularly important to keep in mind, given the growth of non-standard (temporary and/or contingent) jobs in the U.S. economy.

This Month

Last Month

Change

Number Employed

250.663 million

250.455 million

0.21 million

Number Unemployed

8.299 million

8.674 million

-0.4 million

Unemployment Rate

5.3%

5.5%

0.2%

Overall Unemployment Rate

5.3%

Whites

4.6%

African-Americans

9.5%

Latinos

6.6%

Asians

3.8%

Women

4.8%

Men

4.8%

Teenagers

18.1%

Multiple Jobholders

7.025 million - (or 4.7% of those employed)

Source: U.S. Department of Labor, Bureau of Labor Statistics, The Employment Situation.

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